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Old 10-17-2010, 06:32 AM
 
Location: Columbus
4,877 posts, read 4,506,282 times
Reputation: 1450

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Capitalism versus Socialism

I wanted my yard mowed and I wanted to teach my son, now 13, the difference between capitalism and socialism.

So, I went to my son this summer and offered him $20 to cut the grass. He immediately went to work. I told him that is how capitalism works. Someone needs some product or service. Someone else is willing to fill that need. The 2 parties come to a mutual agreement on what the terms of labor and payment will be. Everyone leaves happy. If one party is not satisfied they are free to not do business with the person. He was very happy when I gave him the $20

And he learned a valuable lesson: Hard work has rewards.

The next week the grass needed mowed again. This time I decided to show him how socialism works. He cut the grass and came to me and asked to be paid the same $20. I withheld $8 and told him this was for federal income tax. I gave $2 to his younger sister, who did no work, and told him this was only fair. I withheld $4 and told him it was for union dues. (Because he needs a union to tell him I ripped him off last week). I withheld another $5 and told him that it was for the administrative costs of dividing up the money. I gave him the one dollar that was left over.

When he cried for receiving $1 for doing the same thing he did last week but received 20 times the amount of money, I told him to stop being “selfish” and “greedy” and called him a racist.

And he learned a valuable lesson: Hard work gets you nowhere.
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Old 10-17-2010, 07:48 AM
 
Location: South East
4,209 posts, read 3,588,623 times
Reputation: 1465
Quote:
Originally Posted by OhioIstheBest View Post
Capitalism versus Socialism

I wanted my yard mowed and I wanted to teach my son, now 13, the difference between capitalism and socialism.

So, I went to my son this summer and offered him $20 to cut the grass. He immediately went to work. I told him that is how capitalism works. Someone needs some product or service. Someone else is willing to fill that need. The 2 parties come to a mutual agreement on what the terms of labor and payment will be. Everyone leaves happy. If one party is not satisfied they are free to not do business with the person. He was very happy when I gave him the $20

And he learned a valuable lesson: Hard work has rewards.

The next week the grass needed mowed again. This time I decided to show him how socialism works. He cut the grass and came to me and asked to be paid the same $20. I withheld $8 and told him this was for federal income tax. I gave $2 to his younger sister, who did no work, and told him this was only fair. I withheld $4 and told him it was for union dues. (Because he needs a union to tell him I ripped him off last week). I withheld another $5 and told him that it was for the administrative costs of dividing up the money. I gave him the one dollar that was left over.

When he cried for receiving $1 for doing the same thing he did last week but received 20 times the amount of money, I told him to stop being “selfish” and “greedy” and called him a racist.

And he learned a valuable lesson: Hard work gets you nowhere.

Very true and simple explanation/demonstration!!
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Old 10-17-2010, 08:02 AM
 
2,564 posts, read 1,595,780 times
Reputation: 347
Corporatism vs Democracy

Teach your son to become a CEO because he will have no power of citizenship with his vote if he continues to work for a living.
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Old 10-17-2010, 08:22 AM
 
Location: Europe
2,735 posts, read 2,463,022 times
Reputation: 639
And when are you going to explain to him that taxes are necessary? Until now he thinks there are no taxes in a capitalist world. Who pays for roads? Who pays for national security? Who pays for the soldiers that are in Afghanistan? Its unrealistic that you didn't deduct any money from his 20$.
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Old 10-17-2010, 09:36 AM
 
Location: Columbus
4,877 posts, read 4,506,282 times
Reputation: 1450
Quote:
Originally Posted by aspiesmom View Post
Corporatism vs Democracy

Teach your son to become a CEO because he will have no power of citizenship with his vote if he continues to work for a living.
Will do
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Old 10-17-2010, 09:38 AM
 
Location: Columbus
4,877 posts, read 4,506,282 times
Reputation: 1450
Quote:
Originally Posted by Pamky View Post
And when are you going to explain to him that taxes are necessary? Until now he thinks there are no taxes in a capitalist world. Who pays for roads? Who pays for national security? Who pays for the soldiers that are in Afghanistan? Its unrealistic that you didn't deduct any money from his 20$.
I don't have any kids. And in a true capitalist world there are no taxes. Taxes are nothing more than thft by government. Socialism if you wil.

Taxes are not necessary. Everything you talk about has been provided by the private sector and at a cheaper cost than we pay through taxes.

Last edited by OhioIstheBest; 10-17-2010 at 09:53 AM..
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Old 10-17-2010, 10:01 AM
 
4,410 posts, read 6,137,305 times
Reputation: 2908
Quote:
Originally Posted by stayinformed40 View Post
Very true and simple explanation/demonstration!!
Not, it's not true, and it's a very simplistic misrepresentation. To be clear, I'm not defending any kind of economic system.
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Old 10-17-2010, 10:05 AM
 
Location: Michigan
5,376 posts, read 5,345,246 times
Reputation: 1633
Quote:
Originally Posted by OhioIstheBest View Post
Capitalism versus Socialism

I wanted my yard mowed and I wanted to teach my son, now 13, the difference between capitalism and socialism.

So, I went to my son this summer and offered him $20 to cut the grass. He immediately went to work. I told him that is how capitalism works. Someone needs some product or service. Someone else is willing to fill that need. The 2 parties come to a mutual agreement on what the terms of labor and payment will be. Everyone leaves happy. If one party is not satisfied they are free to not do business with the person. He was very happy when I gave him the $20

And he learned a valuable lesson: Hard work has rewards.

The next week the grass needed mowed again. This time I decided to show him how socialism works. He cut the grass and came to me and asked to be paid the same $20. I withheld $8 and told him this was for federal income tax. I gave $2 to his younger sister, who did no work, and told him this was only fair. I withheld $4 and told him it was for union dues. (Because he needs a union to tell him I ripped him off last week). I withheld another $5 and told him that it was for the administrative costs of dividing up the money. I gave him the one dollar that was left over.

When he cried for receiving $1 for doing the same thing he did last week but received 20 times the amount of money, I told him to stop being “selfish” and “greedy” and called him a racist.

And he learned a valuable lesson: Hard work gets you nowhere.

Too bad capitalism would have only offered $1 to cut the yard, then charged him 1.25 for use of the lawnmower.
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Old 10-17-2010, 10:06 AM
 
Location: Columbus
4,877 posts, read 4,506,282 times
Reputation: 1450
Quote:
Originally Posted by mhouse2001 View Post
Not, it's not true, and it's a very simplistic misrepresentation. To be clear, I'm not defending any kind of economic system.
What exactly is untrue about what I wrote?

Where is the misrepresentation?
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Old 10-17-2010, 10:08 AM
 
Location: Columbus
4,877 posts, read 4,506,282 times
Reputation: 1450
Quote:
Originally Posted by plannine View Post
Too bad capitalism would have only offered $1 to cut the yard, then charged him 1.25 for use of the lawnmower.
Yes that happens all the time. People work so they can owe money to the person they are working for.

I think C-D should limit posters to people who have at least some understanding of reality.
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